Clarion County, PA

148 members

Description

All things pertaining to leasing, drilling and production in Clarion County.

+ Add a Group Discussion

Comments Discussions Members

1/2 ownership.

by William P.Milchak

Feb 2, 2016

Does anyone own a lease that has just one mineral on it. Our lease has "oil only". We did find the party that has the "gas only".

Rather complicated! Guess one could buy out the other. Can't imagine a partnership with an unknown!

Thanks,

Bill

  • up

    Mike Coles

    Bill,

    I am a real estate appraiser with a specialty in mineral rights.  I am following 2, 'oil only' leases with acreage for sale.  I've confirmed that the gas rights are held by another party.  Now, besides having recorded sales of hydrocarbon deeds below a stated surface depth (say below 3,500'), I am tracking listings/sales with the hydrocarbons split between oil and gas. Everything's negotiable

    Mike Coles 

    Feb 2, 2016